23.10.2014 - US Bancorp may resume the fall

The price of US Bancorp shares after leaving the triangle fell sharply and reached the level of 38.00. After the price rebound from 38.00, quotes corrected to the level of 40.70. Fixing the price below this point is a signal to sell. We recommend to open short positions with a stop above 42.00 and target levels of 38.00, 35.00 and 32.50. In the medium term we expect the company's share price to decline.

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